Feeds

Don't touch my trunk! Intel is $740m lighter after Cloudera cash shot

Huge funding deal keeps Oracle, IBM away from upstart's yellow elephant

Beginner's guide to SSL certificates

Intel has shoveled $740m into Hadoop company Cloudera, giving the chipmaker an 18 per cent stake in the data analysis firm.

The mammoth funding was announced on Monday following the news last week of a major strategic partnership between the x86 goliath and the software upstart, which itself followed a separate funding round of $160m from companies including Google Ventures.

When an Intel executive told us last week that the rumored $90m in funding it had given Cloudera was an "underestimate" we wondered by how much – now we know that figure was off by an astonishing $650m.

Intel's stake values the Hadoop company at $4.070bn.

"These investments give us significant financial resources to accelerate growth and deliver long-term sustainable value to our customers and partners," said Cloudera's chief financial officer, Jim Frankola, in a canned statement.

The vast amount of the money will be used to develop new technology including a team to help shepherd Intel's own Hadoop patches into Cloudera's source code; expand its sales teams into Europe, Asia and China; and grow its field engineering and support teams.

Cloudera has been considered a prime buyout target for an incumbent enterprise IT company like SAP or Oracle or IBM.

But with Intel's significant ownership a buyout could prove difficult. Also, it would be "awkward" for a non-x86 company to vie for a seat on the data fiddler's board, Cloudera's chief exec told El Reg last week.

Cloudera had not returned requests for further information at the time of writing. The financing deal should close in the second quarter of 2014. ®

The next step in data security

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Bono: Apple will sort out monetising music where the labels failed
Remastered so hard it would be difficult or impossible to master it again
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.